Here are incomplete financial statements for Donavan, Inc. Calculate the missin DONAVAN, INC. Balance Sheet Assets Cash $ 14,500 Inventory 17,500 Buildings 37,500 Total assets $69,500 Liabilities and Stockholders' Equity Liabilities Accounts payable $5,500 Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity $69,500 Liabilities Accounts payable $5,500 Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity $69,500 DONAVAN, INC. Income Statement Revenues $84,000 Cost of goods sold Salaries and wages expense 10,440 Net Income DONAVAN, INC. Retained Earnings Statement Beginning retained earnings $19,500 Add: Net income Less: Dividends Ending retained earnings 4,000 $34,500